R01-326RESOLUTION NO. R01- ~(o
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH. FLORIDA, AUTHORIZING
A FULL RELEASE OF CASH SURETY (LETTER OF
CREDIT NO. 3029736), IN THE AMOUNT OF $15,260.00,
TO WAL-MART STORES, INC., _aND PROVIDING FOR
AN EFFECTIVE DATE.
V~IEREAS, Wal-Mart Stores, Inc., the developer for the project known as Wal-
Mart, previously posted a cash surety in the mount of $15,260.00 for the water and sanitary
sewer system: and
WHEREAS, the Utility Department of the City of Boynton Beach is satisfied with
the completion of the work, and the systems have been transferred to the City for ownership,
operation and maintenance.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
3OYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida, upon the
~ of staff, hereby approves the release of the cash surety in the amount of
$15,260.00, to Wal-Mart Stores, Inc.
Section 2. That this Resolution shall become effective anmediately upon passage·
PASSED AND ADOPTED this
1~ dayofDecember, 2001.
CITY O[ ~YNT~N~
Vice Mayor
~~C~mmission~e r~7~
· ' er
- Wal-Mart